Page last updated at 17:15 GMT, Tuesday, 15 January 2013

Statement on capital allocations

Finance Minister Jane Hutt announced the allocation of an extra £91.5m of investment on 15 January 2015, which is to be spent in this financial year.

Speaking during her announcement on capital investment, she announced an extra:

  • £30m to be spent on housing, for example alternative approach to housing adaptations;
  • £40m for education capital investments;
  • £25m over three years for a new health technologies fund;
  • £11.5m on transport and infrastructure, which includes improvements to the A465 Abercynon roundabout and the A55 in north Wales;
  • £5m for flood management in Conwy and Denbighshire.

The finance minister claimed 1,000 extra jobs would materialise from the extra investment.

Conservative finance spokesperson Paul Davies welcomed the announcement of extra investment, although he queried how the government decided how the money would be spent.

"What criteria were used during this process?" he asked.

Ieuan Wyn Jones, Plaid Cymru's financial spokesperson, also welcomed the news, but asked: "Which plans had to be dropped in order for these plans to go forward?

"The minister made it clear that this is not new money."

Liberal Democrat Leader Kirsty Williams asked if the minister had decided how the £5m of the new health technologies fund for this year would be spent.

"If not, could I suggest the first £5m be spent on radiotherapy techniques?" she asked.

The minister promised that business cases are currently being drawn up to move such plans forward.


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